According to @rovercrc, a rumor is circulating that Donald Trump may announce a 0% tax on all Bitcoin (BTC) and cryptocurrency payments in the United States. While this information is unconfirmed, such a policy, if enacted, would represent a monumental shift in U.S. crypto regulation. For traders, a 0% tax on crypto transactions could significantly boost the utility and adoption of digital assets as a medium of exchange, potentially leading to a substantial increase in market demand and upward price pressure on cryptocurrencies like Bitcoin.

According to @DowdEdward, the U.S. Supreme Court has declined to review a case challenging the Internal Revenue Service's (IRS) authority to obtain user data from Coinbase, a decision with significant implications for cryptocurrency traders. The case stemmed from a 2016 "John Doe summons" where the IRS demanded records for thousands of Coinbase customers to identify potential tax evaders. The plaintiff, James Harper, argued this violated his Fourth Amendment rights, but lower courts consistently sided with the IRS, citing the agency's broad latitude to pursue unpaid taxes. The Supreme Court's denial solidifies the legal precedent, known as the third-party doctrine, which states that individuals have no reasonable expectation of privacy for information voluntarily shared with third parties like exchanges. For traders, this ruling confirms that their transaction data on platforms like Coinbase is accessible to the IRS, underscoring the critical importance of accurate tax reporting to avoid potential audits and penalties.

According to @StockMKTNewz, crypto investors face a dual landscape of imminent risk and potential reward. A significant threat looms from the IRS, which is intensifying enforcement with clearer rules like Revenue Procedure 2024-28 and an increase in compliance notices. For traders, a critical risk for the 2025 tax year is the new Form 1099-DA, which could report sales to the IRS with a default $0 cost basis for transferred assets, leading to artificially inflated taxable gains and potential audits. Conversely, a Coinbase Research report highlights a constructive outlook for the second half of the year, driven by a stronger macroeconomic backdrop with improving U.S. growth and anticipated Federal Reserve rate cuts. The report also notes that regulatory progress, such as the GENIUS and CLARITY Acts, alongside growing corporate adoption, could provide strong tailwinds for the market. These factors suggest Bitcoin (BTC) is poised to benefit, while the outlook for altcoins may depend more on specific catalysts like ETF approvals.

According to @WhiteHouse, the U.S. is advancing the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, with a final Senate vote expected next week before it moves to the House. The legislation aims to bolster U.S. dollar dominance by providing regulatory clarity for the over $190 billion dollar-backed stablecoin market, establishing clear rules for reserves, audits, and consumer protection. This legislative push is framed as essential for keeping financial innovation within the U.S. as other regions like the European Union implement their own crypto frameworks. In a separate development, a major budget bill passed the Senate without Senator Cynthia Lummis's amendment to ease crypto taxation on small transactions, representing a setback for broader crypto tax reform efforts. Amid these regulatory shifts, Ethereum (ETH) is trading at approximately $2,513 on the ETH/USD pair, marking a slight 24-hour decline of 0.285%.

According to @FoxNews, the U.S. Senate has passed a major budget bill without including a crypto-friendly tax amendment proposed by Senator Cynthia Lummis. The provision would have waived capital gains taxes on smaller digital asset transactions, but its exclusion means the current tax rules remain unchanged for now, a key point for traders to consider. In a contrasting development, President Donald Trump reiterated his pro-crypto stance at a Coinbase summit, promising his administration would work toward creating "clear and simple market frameworks" for the industry. Trump also referenced support for stablecoin legislation and his previously announced, though not yet established, plan for a "US Strategic Bitcoin Reserve." This mixed political signal sees Bitcoin (BTC) trading around $108,183 and Ethereum (ETH) near $2,506, showing relative market stability as traders weigh the legislative setback against potential executive support.

According to @FoxNews, the U.S. Senate has passed a major budget bill without including a key cryptocurrency tax amendment proposed by Senator Cynthia Lummis. The proposed changes aimed to provide significant tax relief for crypto users by waiving capital gains taxes on transactions under $300 and altering the tax treatment of staking and mining rewards. The amendment would have taxed these rewards only upon their sale, rather than upon acquisition and again at sale, which the industry views as double taxation. As the provision was not included, the current U.S. tax rules remain in place, meaning small transactions are still subject to capital gains reporting, and staking and mining rewards continue to be taxed as income upon receipt. This legislative outcome maintains the existing tax compliance burdens for traders, stakers, and miners in the United States. The overall bill, which now heads to the House of Representatives, passed the Senate on a narrow 50-50 vote.

According to @FoxNews, the U.S. Senate has passed a major budget bill without including a key cryptocurrency tax amendment proposed by Senator Cynthia Lummis. The proposed changes, which were not adopted, aimed to significantly benefit crypto traders and investors by waiving capital gains taxes on transactions under $300 and altering the tax treatment for staking and mining rewards to be taxed only upon sale, not acquisition. The source states that this amendment would have addressed what the industry considers unfair double taxation on rewards from staking, mining, airdrops, and forks. Despite lobbying efforts from the digital assets industry, the failure of this provision to be included means the current, less favorable U.S. tax rules for crypto activities remain in place, leaving continued uncertainty for market participants. The budget bill now proceeds to the House of Representatives for further debate and voting.

According to @cas_abbe, a significant pro-crypto tax amendment proposed by Senator Cynthia Lummis was not included in the major budget bill that recently passed the U.S. Senate. For traders and investors, this is a notable setback as the amendment sought to provide substantial tax relief. Key proposals included waiving capital gains taxes on crypto transactions under $300 and, critically, changing the tax treatment for staking and mining rewards. The proposed change would have taxed these rewards only when they are sold, rather than upon both receipt and sale, which the industry argues constitutes unfair double taxation. The amendment also aimed to address rules for wash sales, crypto lending, and airdrops. With the proposal's failure to be included, the current tax framework remains in place, leaving crypto investors and miners without the anticipated regulatory clarity and financial relief. The main budget bill now proceeds to the House of Representatives for another vote.

According to @rovercrc, the U.S. Senate has advanced a major budget bill without including a crypto-friendly tax provision proposed by Senator Cynthia Lummis, which sought to waive capital gains taxes on small-scale crypto activity. This legislative development presents a short-term hurdle for the digital asset industry's push for clearer tax regulations. In contrast, former President Donald Trump reiterated his pro-crypto stance at a Coinbase summit, promising to establish "clear and simple market frameworks" for the industry and support the GENIUS Act for stablecoins. Trump also mentioned plans for a "US Strategic Bitcoin Reserve," though it has not been created yet. Amid these mixed political signals, the crypto market shows slight downward pressure. According to market data, Bitcoin (BTC) is trading at approximately $108,087.58 (BTC/USDT), down 0.75% over 24 hours, while Ethereum (ETH) is priced at $2,523.36 (ETH/USDT), showing a 1.28% decline.

According to @StockMKTNewz, the U.S. Senate has advanced a major budget bill without including Senator Lummis's proposed amendment to waive capital gains taxes on small-scale crypto transactions. This development occurred as Bitcoin (BTC) received a boost from President Trump's comments on social media, where he suggested massive economic growth would offset deficits from his proposed tax cuts. Crypto analyst Will Clemente reacted by questioning the value of holding long-term U.S. Treasuries, suggesting Trump's loose fiscal policy stance strengthens the bull case for inflation hedges like Bitcoin and gold. From a technical standpoint, BTC traded between $107,194 and $108,489, establishing support at $107,300 and showing upward momentum confirmed by a volume spike.

According to @GOPMajorityWhip, a key crypto tax amendment proposed by Senator Cynthia Lummis was not included in the major budget bill that recently passed the U.S. Senate. The provision aimed to waive capital gains taxes on small-scale crypto transactions. In a separate development crucial for digital asset markets, Senator Tim Scott, Chairman of the Senate Banking Committee, announced a new target date of September 30 for completing the crypto market structure legislation. This timeline is later than the White House's preference but earlier than previous year-end estimates. However, progress on both the market structure and stablecoin bills may face delays due to the need for coordination between the House and Senate, as well as between different Senate committees. This regulatory uncertainty unfolds as Ethereum (ETH) shows volatility, trading around $2,516 after a daily decline of approximately 2.4%, according to market data.

According to @FoxNews, the U.S. Senate has advanced a major budget bill without including a crypto tax provision from Senator Cynthia Lummis, which would have waived capital gains taxes on small-scale digital asset transactions. This legislative setback shifts the industry's focus to the proposed GENIUS Act, a bill aimed at regulating stablecoins to maintain the U.S. dollar's global dominance and provide clarity for the over $190 billion stablecoin market. Amidst these regulatory developments, the price of Ethereum (ETH) has declined, with ETHUSDT trading at approximately $2522.47, a 24-hour drop of over 2.3%, and ETHUSD at $2521.17, down 1.83%, indicating bearish sentiment in the market.

According to @WhiteHouse, the U.S. Senate has advanced a major budget bill without including a crypto tax provision championed by Senator Cynthia Lummis, which would have waived capital gains taxes on small-scale transactions. While this specific tax relief effort is stalled for now, significant bipartisan progress on a comprehensive digital asset framework is occurring in the House of Representatives. Lawmakers there have advanced key legislation, including the FIT21 Act, the STABLE Act, and the CLARITY Act, which aim to establish clear regulatory jurisdictions for the SEC and CFTC, regulate stablecoins, and create a functional framework for digital assets to foster innovation. This legislative push seeks to provide the regulatory certainty that the industry has been lacking. Amid these developments, the crypto market shows some volatility, with Ethereum (ETH) trading at approximately $2,516 against USDT, marking a 24-hour decline of over 2.3%.

According to the White House, a key U.S. Senate committee has set an aggressive September 30 deadline to finalize a comprehensive crypto market structure bill. Senate Banking Committee Chairman Tim Scott confirmed this new timeline to a White House crypto adviser, indicating a strong push for regulatory clarity. This development comes after the Senate passed a major budget bill that, despite lobbying efforts, did not include Senator Cynthia Lummis's proposed amendment to waive capital gains taxes on small-scale crypto transactions. The push for a market structure framework is coupled with calls for the House to quickly approve the Senate-passed GENIUS Act for stablecoins. This mixed regulatory news occurs as Ethereum (ETH) shows bearish sentiment, with its price falling over 4% to around $2,486 according to market data.

According to Fox News, the U.S. Senate has passed a major budget bill without including Senator Cynthia Lummis's proposed amendment to ease cryptocurrency taxation, which would have waived capital gains taxes on small-scale transactions. For traders, this means the current tax complexities remain in place for now. In a separate development, President Donald Trump reiterated his pro-crypto stance at a Coinbase summit, promising his administration will work toward 'clear and simple market frameworks' and referencing the GENIUS Act to support stablecoins. Despite these supportive comments, the market saw a slight downturn, with Bitcoin (BTC) trading around $108,700, down approximately 0.5%, and Ethereum (ETH) falling over 1.2% to about $2,552. The legislative inaction on taxes presents a short-term headwind, while Trump's vocal support offers a potential long-term positive catalyst for the digital asset market.

According to @rovercrc, Bitcoin (BTC) is gaining a bullish case as an inflation hedge following President Trump's social media post suggesting future economic growth will offset current deficit spending. Crypto analyst Will Clemente noted this loose fiscal policy stance makes assets like Bitcoin and gold more attractive than long-term U.S. Treasuries, as cited in the source. This sentiment comes as BTC traded around $107,937, with technical analysis indicating support at $107,300. However, a significant development for the crypto industry was the U.S. Senate passing its major budget bill without including Senator Cynthia Lummis's proposed crypto tax provision, which aimed to ease capital gains taxes on small transactions. The bill, projected to increase the national deficit by over $3 trillion, now proceeds to the House without this crypto-friendly amendment.

According to @rovercrc, the U.S. Senate has advanced a major budget bill without including Senator Cynthia Lummis's proposed amendment to waive capital gains taxes on small-scale crypto transactions. This development means the crypto tax relief proposal must now be pursued as standalone legislation. In a separate key development for crypto regulation, Senate Banking Committee Chairman Tim Scott announced a new target deadline of September 30 to finalize the comprehensive crypto market structure bill. While this timeline is later than the White House's preference, it provides traders with a more concrete schedule for potential regulatory clarity in the U.S. market. However, potential delays could arise from the need to reconcile the Senate's stablecoin bill with the House's version and secure necessary input from the Senate Agriculture Committee.

According to @FoxNews, the U.S. Senate has passed a major budget bill without including a crypto-friendly tax provision championed by Senator Cynthia Lummis. The proposed amendment, which failed to make it into the final bill, would have waived capital gains taxes on small-scale cryptocurrency transactions. This legislative outcome is a setback for crypto lobbyists, although Senator Lummis may pursue the measure as standalone legislation. In contrast to the legislative news, President Donald Trump reiterated his pro-crypto stance in a recorded message at a Coinbase summit, promising his administration will work toward "clear and simple market frameworks" for the digital asset industry. Trump also referenced the GENIUS Act for stablecoins and his plan for a U.S. Strategic Bitcoin Reserve. From a market perspective, recent data shows Bitcoin (BTC) trading around $108,662 and Ethereum (ETH) near $2,541, with both assets experiencing minor declines.

According to @BillGates, a significant cryptocurrency tax amendment proposed by U.S. Senator Cynthia Lummis failed to be included in the major budget bill passed by the Senate. The proposal sought to waive capital gains taxes on crypto transactions under $300 and change the tax treatment for staking and mining rewards to be taxed only upon sale, not acquisition, as argued by lobbying groups like the Digital Chamber. Despite industry support, the amendment was not adopted. Following this legislative development, the crypto market showed signs of weakness. Market data indicates that Ethereum (ETH) fell, with the ETHUSDT pair dropping -0.869%. Similarly, Cardano (ADA) saw its ADAUSDT pair decrease by -2.637%, and Solana (SOL) experienced a -1.249% drop in its SOLUSDT pair over the last 24 hours.

According to @KobeissiLetter, the U.S. Senate has passed a major budget bill without including Senator Cynthia Lummis's proposed amendment to ease cryptocurrency taxation, a setback for the industry. However, the market's focus shifted following a statement from President Donald Trump suggesting that robust economic growth would offset the bill's projected deficits. Crypto analyst Will Clemente reacted by questioning the value of holding long-term U.S. Treasuries and highlighting the bullish case for holding Bitcoin (BTC) and gold as hedges against loose fiscal policy and potential currency debasement. In the wake of these developments, Bitcoin (BTC) traded up to approximately $107,937, with technical analysis from the source indicating support was established near $107,300.